Canadian Bank Institution Numbers - Loans Canada (2024)

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Have you ever wondered how your money is transferred to and from your bank account without getting lost in cyberspace? To make sure your money goes where it’s supposed to, your account and your bank are given a unique set of numbers to properly identify them. And part of what makes up this numerical identification is your financial institution number.

What Is A Financial Institution Number?

A financial institution number is a three-digit number that identifies a specific bank. All banks have their own unique institution number. The financial institution number is part of the routing number, along with the five-digit transit number that identifies the bank branch.

Big Banks: Bank Institution Number

Financial institution	Code
Bank of Montreal (BMO)	001
Bank of Nova Scotia (Scotiabank)	002
Canadian Imperial Bank of Commerce (CIBC)	010
National Bank of Canada (NBC)	006
Royal Bank of Canada (RBC)	003
Toronto-Dominion Bank (TD Bank)	004

Other Financial Institutions: Bank Institution Number

Alberta Treasury Branches	219
Amex Bank of Canada	303
B2B Bank (formerly B2B Trust)	618
Bank of America, National Association	241
Bank of Canada	177
Bank of China (Canada)	308
Bank of Tokyo-Mitsubishi UFJ (Canada)	245
Bank West	342
Barclay’s Bank PLC Canada Branch	360
BNP Paribas (Canada)	250
BofA Canada Bank	311
Bridgewater Bank	347
Canadian Tire Bank	338
Canadian Western Bank	030
Capital One Bank (Canada Branch)	323
CIBC Trust Corporation	548
Citibank Canada	260
Citibank N.A.	328
Citizens Bank of Canada	309
Comerica Bank	330
Community Trust Company	507
Concentra Financial Services Association	853
CS Alterna Bank	608
CTC Bank of Canada	315
Deutsche Bank AG	265
DirectCash Bank	352
Dundee Bank of Canada	343
Effort Trust Company	532
Fifth Third Bank	345
First Commercial Bank	332
First Nations Bank of Canada	310
General Bank of Canada	344
Habib Canadian Bank	321
HomEquity Bank	358
Household Trust Company	630
HSBC Bank Canada	016
HSBC Bank USA National Association	333
HSBC Mortgage Corporation (Canada)	604
ICICI Bank Canada	340
Industrial Alliance Trust Inc.	625
Industrial and Commercial Bank of China (Canada)	307
ING Bank of Canada	614
Investors Group Trust Co. Ltd.	536
J.P. Morgan Bank Canada	314
Jameson Bank	354
JPMorgan Chase Bank National Association	270
Korea Exchange Bank of Canada	275
Laurentian Bank of Canada	039
Laurentian Trust of Canada Inc.	522
M&T Bank	357
Manulife Bank of Canada	540
Manulife Trust Company	626
Maple Bank	336
Mega International Commercial Bank (Canada)	269
Mizuho Corporate Bank Ltd. Canada Branch	277
MonCana Bank of Canada	361
Montreal Trust Company of Canada	550
National Trust Company	590
Pacific & Western Bank of Canada	334
Peace Hills Trust Company	568
Peoples Trust Company	621
President’s Choice Financial	326
Rabobank Nederland	322
ResMor Trust Company	620
Royal Bank Mortgage Corporation	592
Royal Bank of Scotland N.V. (Canada Branch)	240
Royal Trust Company	570
Royal Trust Corporation of Canada	580
Scotia Mortgage Corporation	606
Shinhan Bank Canada	355
Société Générale (Canada Branch)	292
Société Générale (Canada Branch) Ontario	346
State Bank of India (Canada) Alberta	294
State Street	327
Sumitomo Mitsui Banking Corporation of Canada	301
Sun Life Financial Trust Inc.	551
TD Mortgage Corporation	597
TD Pacific Mortgage Corporation	603
The Bank of New York Mellon	242
The Canada Trust Company	509
The Equitable Trust Company	623
The Northern Trust Company Canada Branch	349
U.S. Bank National Association	318
UBS AG Canada Branch	339
UBS Bank (Canada)	290
United Overseas Bank Limited	335
Walmart Canada Bank	359

Credit Unions: Bank Institution Number

Credit Union	Code
Airline Financial Credit Union Limited	830
All Trans Financial Services Credit Union Limited	810
Alliance des caisses populaires de l’Ontario Limitée	890
Alterna Savings and Credit Union	842
Arnstein Community Credit Union Limited	808
Atlantic Central	839
Central 1 Credit Union British Columbia	809
Central 1 Credit Union Ontario	828
Communication Technologies Credit Union Limited	807
Credit Union Central Alberta Limited	899
Credit Union Central of Manitoba Limited	879
Credit Union Central of Saskatchewan	889
Dundalk District Credit Union Limited	840
Goderich Community Credit Union Limited	844
Golden Horseshoe Credit Union Limited	854
La Confédération des Caisses Populaires et D’Économie Desjardins du Québec	815
La Fédération des Caisses Populaires Acadiennes Limitée	865
La Fédération des Caisses Populaires de l’Ontario Inc.	829
La Fédération des caisses populaires du Manitoba Inc.	819
Latvian Credit Union Limited	803
Meridian Credit Union	837
Ontario Civil Service Credit Union Limited	846

How To Find The Financial Institution Number On A Cheque

The easiest way to find your bank’s financial institution number is to look at the bottom of your cheque. It will be the third string of numbers in the sequence of numbers at the bottom of your cheque:

The image of the cheque below illustrates the different components of your bank account number, broken down into four parts:

1. First set: cheque number
2. Second set: five-digit transit number (also known as your routing or branch number).
3. Third set: financial institution number (every bank has a different 3-digit number)
4. Fourth set: bank account number

How Do I Find A Bank Institution Number Without A Cheque?

If you don’t have cheques, you can find your financial institution number by logging into your online banking or by checking your bank statement. Otherwise, you can do a quick online search to find out what your bank’s financial institution number is. You can also find your bank institution number by simply visiting your closest bank branch and asking the teller for the number.

See Also

Different Types of Financial Institutions

What Is A Bank Institution Number Used For?

In addition to identifying a specific bank, credit union, trust company or any other financial institution, a bank institution number is required when you set up your bank account for direct deposits, wire transfers, and automatic withdrawals.

Do note that when setting up a direct deposit or automatic withdrawal, you’ll need to provide your routing number. This number is represented through your financial institution number and the five-digit transit number that identifies the bank branch.

Additional Reading

How To Cash A Cheque Without A Bank Account

How To Close My Bank Account?

What Is A Void Cheque?

Final Thoughts

Your bank’s financial institution number ensures that the funds in your bank account can be deposited and withdrawn accurately. It’s part of a longer sequence of numbers that properly identifies your financial institution, bank branch, and bank account. Without it, you won’t be able to move your money.

Financial Institution Number FAQs

Where can you find a bank transit (branch) number?

Your bank transit number can be found at the bottom of your cheque. It is the five-digit number following the cheque number and preceding the three-digit financial institution number. You can also find your transit number through online banking. Simply log into your account and look up your direct deposit information.

Is the institution and branch number the same?

No, the branch transit number is a five-digit number that identifies your specific bank branch, while the institution number is a three-digit number that identifies the bank.

What is a routing number?

A routing transit number is used to identify a specific bank and includes the five-digit transit number and the three-digit financial institution number.

Who needs a financial institution number from me?

When you want to set up a direct deposit with your employer, you’ll need your financial institution number. Similarly, if you want to set up automatic withdrawals or a wire transfer, you’ll need to provide your financial institution number. When you apply for a loan, it’s common for your lender to request your financial institution number to set up pre-authorized debit payments.

Related

As a seasoned financial expert with a wealth of knowledge in banking and financial systems, I can confidently delve into the intricacies of the article and shed light on the concepts mentioned.

The article primarily revolves around the significance of a financial institution number, a crucial component in the identification process within the banking system. This unique three-digit number plays a pivotal role in ensuring the accurate transfer of funds to and from bank accounts.

Let's break down the key concepts discussed in the article:

1. Financial Institution Number (FIN):

   • The financial institution number is a three-digit code that uniquely identifies a specific bank.
   • It is an integral part of the routing number, along with the five-digit transit number that identifies the bank branch.
   • All banks, including big banks and other financial institutions, have their own unique institution numbers.

2. Routing Number:

   • The routing number is a combination of the financial institution number and the five-digit transit number.
   • It is crucial for various financial transactions, including direct deposits, wire transfers, and automatic withdrawals.

3. Big Banks and Other Financial Institutions:

   • The article provides a comprehensive list of financial institution numbers for major banks such as Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and others.
   • It also includes financial institution numbers for a wide range of other financial institutions, showcasing the diversity of the banking system.

4. Credit Unions:

   • Credit unions, as mentioned in the article, also have their unique financial institution numbers.
   • The article provides examples of credit unions and their corresponding institution numbers.

5. Locating Financial Institution Number:

   • The article explains how to find the financial institution number on a cheque, where it is the third set of numbers at the bottom.
   • Alternately, for those without cheques, online banking, bank statements, or a visit to the bank can help in locating this essential number.

6. Uses of Bank Institution Number:

   • The financial institution number is essential for setting up bank accounts for direct deposits, wire transfers, and automatic withdrawals.
   • When establishing direct deposits or automatic withdrawals, providing the routing number (including the financial institution number) is crucial.

7. FAQs and Additional Information:

   • The article concludes with frequently asked questions and additional information, addressing topics such as the branch transit number, the distinction between institution and branch numbers, the importance of routing numbers, and situations where the financial institution number is required.

In essence, the financial institution number is a linchpin in the secure and accurate movement of funds within the banking system, and understanding its role is vital for anyone navigating financial transactions.